"As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Many …

As the twenty-first century begins, the world finds itself with a wide range of possible economic futures. Many …

that it will operate an independent legal regime based on the Common Law to regulate the legal relationships between market … participants. This feature sits well with the belief under the law and finance scholarship that legal institution is essential in … financial development, and the Common Law systems are capable of providing superior investor protection. The core structures of …